When Data Are Collected Using a Qualitative,nominal Variable,what Is True

question 71

Multiple Choice

When data are collected using a qualitative,nominal variable,what is true about a frequency table that summarizes the data?

• A)The upper and lower class limits must be calculated.
• B)A pie chart can be used to summarize the data.
• C)The number of classes is equal to the number of variable's values plus 2.
• D)The "5 to the k rule" can be applied.

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Definitions:

Selling Price

The amount of money for which an item is sold, determining the revenue generated from its sale.

International Financial Reporting Standards (IFRS)

A set of global accounting standards developed by the International Accounting Standards Board (IASB) that aims to bring transparency, accountability, and efficiency to financial markets around the world.

International Accounting Standards Board

An independent organization that establishes accounting standards known as International Financial Reporting Standards (IFRS) used globally.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, occurring typically with corporate dividends taxed at both the corporate and individual level.